Toyota Report : Toyota Motor Corporation

1907 Words Apr 16th, 2015 8 Pages
Toyota Motor Corporation abbreviated TMC, is a Japanese multinational automaker headquartered in Toyota, Aichi, Japan. In 2010, Toyota employed 300,734 people worldwide, and was the largest automobile manufacturer in 2010 by production. Toyota is the eleventh largest company in the world by revenue. In July 2012 the company reported that it had manufactured its 200 millionth vehicle.

The organization was established by Kiichiro Toyoda in 1937 as a spin off from his father’s company Toyota Industries to manufacture automobiles. Three years earlier, in 1934, it manufactures Figure 1- Toyota Production System its first product, the Type an engine, and, in 1936, its first passenger car, the Toyota AA. Toyota Motor Corporation group companies are Toyota, Lexus, Daihatsu, and Hino Motors along with several "non-automotive" enterprises. TMC is part of the Toyota Group, one of the largest conglomerates in the world.

Toyota Production System:

The Toyota Production System (TPS) is an integrated socio-technical, developed by Toyota that comprises its management philosophy and practices. The TPS organizes manufacturing and logistics for the automobile manufacturer, including communication with suppliers and customers. The system is a major precursor of the more generic "Lean Manufacturing”." Taiicho Ohno, Shigeo Shingo and Eiji Toyoda invented the system between 1948 and 1975. Originally called "Just in Time production," it builds on the methodology invented…
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